A market
A)is often a physical place
B)facilitates exchanges between buyers and sellers
C)typically involves monetary transactions
D)might not have well-defined geographical limits
E)all of the above

Question

Quizplus · Accepted Answer

A market can refer to a physical place (such as a grocery store), but it can also refer to an abstract concept where transactions occur (such as the stock market). Markets are designed to facilitate exchanges between buyers and sellers, which usually involve monetary transactions. Additionally, the geographical limits of a market may not always be well-defined. Therefore, all of the above options are accurate descriptions of a market.

A Market